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Comfort Inn & Suites + Quality Inn & Suites 115 Lake Ave 60 Room Hotel Spring Lake, NC 28390 $7,896,999 ($131,617/Room)

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Investment Highlights

  • Dual-Branded Comfort Inn & Suites And Quality Inn & Suites Totaling 109 Guestrooms
  • Located Near Key Regional Institutions Including Pope Army Airfield, Womack Army Medical Center, Methodist University, And Fayetteville State Universi
  • Fort Bragg Is One Of The Largest Military Installations In The World, Driving Consistent Year-Round Lodging Demand From Military Personnel, Contractor
  • Strategic Location Along North Bragg Boulevard (NC-24), The Primary Commercial Corridor Serving Spring Lake And Fort Bragg
  • The Property Benefits From Recent Renovations and Ongoing CapEx, With Minimal Brand-Mandated PIP Expected Upon Transfer
  • Part Of The Fayetteville MSA, A Resilient Submarket Anchored By Defense, Healthcare, And Education

Executive Summary

Comfort Room Count: 60 Rooms
Quality Room Count: 49
Total: 109
Prime Source Properties is pleased to offer for sale the fee simple interest in the dual-branded Comfort Inn & Suites / Quality Inn & Suites, located in Spring Lake, North Carolina. The Property includes two adjacent, limited-service hotels totaling 109 guest rooms, positioned along North Bragg Boulevard (NC-24)—the area’s primary commercial corridor providing direct access to Fort Liberty, Downtown Fayetteville, and key institutional demand drivers across Cumberland County.
Rooms on Quality side from 2nd to 5th floor are all with full kitchenette and living rooms as well as balconies. Room sizes are very large than a standard room and this property can be converted to multi-family apartment with minimal work. Also on Comfort side front side rooms are with living rooms and Balconies as well. Only back side rooms on Comfort are standard size rooms. 2nd floor rooms on Comfort side are also with kitchenette and full size refrigerator. Only 3rd to 5th floor rooms on front doe snot have kitchenette but has full size refrigerator, living room and balconies. Very unique set-up and solid block/brick building. Additional Land is part of the parcel and included in this sell. There’s also one house next door, which is available to purchase for $205,000. Combining of all parcels with extra land, you can build another hotel next door in future and lot of flags area available to develop. Great opportunity for owner operator and to expand portfolio with building another hotel in future ground up.
The asset benefits from a high-visibility location with strong traffic counts, ample parking, and seamless access to Fort Bragg—one of the largest military installations in the world—as well as Pope Army Airfield, Womack Army Medical Center, and Methodist University. This positioning enables the Property to capture consistent year-round demand from military travelers, contractors, government officials, medical visitors, and university-related guests.
The dual-branded structure allows for efficient shared operations and segmentation across midscale and economy lodging segments, improving occupancy and RevPAR performance. The hotels have undergone recent capital improvements and are offered unencumbered by management, providing new ownership with operational flexibility and immediate upside potential through enhanced revenue management or targeted cost controls.
The Comfort Inn & Suites / Quality Inn & Suites in Spring Lake represents a compelling opportunity to acquire a well-maintained, dual-branded asset in a resilient, institutionally driven market with limited new hotel supply and steady demand fundamentals.
Acquire this existing turn key Dual Brand hotel under one roof and lock another hotel brand to develop in future next door with additional land. Don’t miss this opportunity with price reduced now and it’s a steal deal.
Contact Akshat Patel at yourprimesource@aol.com to learn more about the Property and to get access to the Offering Memorandum.

Property Facts

Price $7,896,999
Price Per Room $131,617
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.40 AC
Building Size 62,332 SF
No. Rooms 60
No. Stories 5
Year Built/Renovated 1994/2021
Parking Ratio 1.57/1,000 SF
Corridor Interior
Zoning CB-CENTRAL - Commercial Business

Amenities

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 30 $112.00 -
Guest Room 30 $88.00 -

Property Taxes

Property Taxes

Parcel Number
0501-75-9242
Land Assessment
$965,021
Improvements Assessment
$4,848,147
Total Assessment
$5,813,168
  • Listing ID: 36171273

  • Date on Market: 6/9/2025

  • Last Updated:

  • Address: 115 Lake Ave, Spring Lake, NC 28390

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